Christopher J. Leatt - Dec 22, 2023 Form 4 Insider Report for Leatt Corp (LEAT)

Role: Director, 10%+ Owner
Signature: /s/ Christopher J. Leatt
Stock symbol: LEAT
Transactions as of: Dec 22, 2023
Transactions value $: $476,850
Form type: 4
Date filed: 4/5/2024, 05:19 PM
Previous filing: Mar 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LEAT	Common Stock, par value $0.001 per share	Award	$477K	+51K	+2.75%	$9.35	1.9M	Dec 22, 2023	See footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On December 21, 2023, the Issuer's Board of Directors approved the award of 51,000 restricted shares of the Company's common stock to the Reporting Person, pursuant to a Restricted Stock Award Agreement, dated December 22, 2023, under the Company's 2011 Plan. On December 22, 2023, 2,250 of the restricted shares vested, an additional 5,000 shares will vest on December 22, 2024, another 8,750 shares will vest on December 22, 2025, another 10,000 shares will vest on December 22, 2026, another 12,500 shares will vest on December 22, 2027, and the remaining 12,500 shares will vest on December 22, 2028, provided, however, that one hundred percent (100%) of the Reporting Person's nonvested restricted stock will become fully vested upon a change of control.
F2	Total common stock includes 1,898,907 shares of the Issuer's common stock directly held by the Reporting Person on the reporting date, and 5,007 shares of the Issuer's common stock held by members of the Reporting Person's immediate family on the reporting date.

Content

On December 21, 2023, the Issuer's Board of Directors approved the award of 51,000 restricted shares of the Company's common stock to the Reporting Person, pursuant to a Restricted Stock Award Agreement, dated December 22, 2023, under the Company's 2011 Plan. On December 22, 2023, 2,250 of the restricted shares vested, an additional 5,000 shares will vest on December 22, 2024, another 8,750 shares will vest on December 22, 2025, another 10,000 shares will vest on December 22, 2026, another 12,500 shares will vest on December 22, 2027, and the remaining 12,500 shares will vest on December 22, 2028, provided, however, that one hundred percent (100%) of the Reporting Person's nonvested restricted stock will become fully vested upon a change of control.

Total common stock includes 1,898,907 shares of the Issuer's common stock directly held by the Reporting Person on the reporting date, and 5,007 shares of the Issuer's common stock held by members of the Reporting Person's immediate family on the reporting date.